ESMA is the European Securities and Markets Authority, an independent regulatory institution with a mission to enhance investor protection and promote stable and orderly financial market in the European Union (EU).
The National Intervention measures apply to all Retail Clients trading with GBE brokers Ltd. regardless of Client`s country of residence.
The National Intervention Measures are replacing the temporary intervention measures implemented by ESMA and shall permanently intervene in the sales and distribution of CFD’s to Retail Clients.
The Elective Professional Application form is available on MyGBE portal. If You wish to access the form please login to MyGBE portal and locate the Elective Professional Application button positioned on the left hand side menu under the Information & Tools section.
Effective from 27th September 2019, CySEC has formally adopted the ESMA measures on the provision of CFDs to Retail Clients in the national law of Cyprus. These measures can also be referred to as restrictions while they aim to further regulate and harmonize the Financial Services market in the EU. The measures include: average limits on opening positions, a margin close out rule on a per account basis, a negative balance protection on a per account basis, a Company specific risk warning delivered in a standardized way and preventing the use of incentives by a CFD provider. As a licensed and regulated institution, GBE Brokers Ltd. has adopted and follows the regulations as of its effective date.
At least two of the following documents must be submitted:
If You are trading as a Professional client with GBE brokers these measures will not impact You. However, if You are trading as a Retail client, Your maximum available leverage will be limited.
Lets look at this example. If You place a 5 contracts DAX trade at a price of €12,312.50 with GBE brokers:
Yes. GBE brokers demo accounts are in line with our live accounts and therefore the above measures will be applied to the demo environment for Retail traders.
Yes. A Retail client can submit an “Elective Professional Application”, if the Retail client wishes to apply to become a Professional. GBE brokers ltd. will carry out an assessment of the Elective Professional Application and will respond back to the applicant. It will be at GBE brokers ltd’s absolute discretion to accept or reject an application, even if the criteria are fully fulfilled.
There are three criteria groups. You need to confirm and demonstrate that You meet any two of these as part of the application process:
Yes. GBE brokers offers Negative Balance Protection to both Retail and Professional clients.
Please be aware that Professional clients waive various protections provided by the regulatory authorities. For more information on this matter please refer to GBE brokers ltd’s Client Categorisation Policy. Please ensure that You have fully read and understood all our terms before submitting an Elective Professional Application.
Yes, the National Intervention measures are permanently established and may be reviewed from time to time by CySEC.
National Intervention measures will apply to those companies who are categorized as Retail clients.
Yes. You are allowed to change Your mind even if we have already approved Your application. You can inform us in writing in case that You no longer wish to trade as an “Elective Professional” and GBE brokers ltd. will change Your classification back to “Retail”.
Yes. Companies who are classified as Retail clients at GBE brokers are allowed to submit an Elective Professional Application.
GBE brokers Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence number 240/14. In addition to the registered head office in Limassol (Cyprus), our Hamburg branch is also authorized to provide investment services for trading in financial instruments stated here.
Risk Warning: Forex and CFD trading is speculative and therefore not suitable for every investor. GBE brokers Ltd. offers margin trading. Leveraged products can work to your disadvantage as well as to your advantage. You should be aware of all risks and not invest more capital than you can afford to lose. Before you open an account, please read our Risk Warning and Terms and Conditions.
Disclaimer: GBE brokers Ltd. provides references and links to selected information and other economic sources as well as market information in the course of customer service, which are merely indicative and in no way constitute an offer or recommendation. Customers and interested parties are asked to consider and check the opinions and analyses on the pages as well as the sources of information in order to make a decision. None of the listed websites or other sources of information constitute guarantees of success. Past performance is no guarantee of future results. GBE brokers Ltd. advises you to check all references and representations made by advisors, bloggers, asset managers and providers before making investment decisions. All news, opinions, research, data and other information on this website are general explanations and in no way constitute investment or trading recommendations. GBE brokers Ltd. shall not be liable for any direct or indirect loss arising from access to the website or use of any information and services offered on the website or the inability to access or use the website. GBE brokers is only responsible for compliance with the laws and regulations within the European Union (EU), specifically Cyprus. The customer is responsible for compliance with any laws and regulations outside the EU.
GBE brokers Ltd. company number HE324205, registered address, Agias Fylaxeos & Amisou, 134, Annissa Court, 4th floor, 3087, Limassol, Cyprus.
GBE brokers Ltd. provides financial services to customers in countries according CySEC authorization. List of countries available here.
Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|Element||Elective Professional Clients||Retail Clients (ESMA Measures)|
|Client Relationship Manager|
|Negative balance protection|
|50% margin close out rule|
|Client Money Remains Segregated|
|Eligible for ICF (Investment Compensation Fund)|
|Retain rights to complain to the Financial Ombudsman Service*|
|Best Execution & Trade Confirmations|
|Key Information Documents|